It is a truism to say that forecasting political and economic trends continues tobe a booming business (Sherden 1997). Within academia, however, many still conceive of prediction as a less noble task than explanation. The wide range of attitudes, between attraction and skepticism, leveled at professional forecasters can even be found among those who have transformed forecasting from an obscuran...

In this work, optimal control theory is used to derive the optimal production rate in a manu‐ facturing system presenting the following features: the demand rate during a certain period depends on the demand rate of the previous period (dependent demand), the demand rate depends on the inventory level, items in inventory are subject to deterioration, and the firm can adopt a periodic or a conti...

Abstract Forecasting electrical energy demand and consumption is one of the important decision-making tools in distributing companies for making contracts scheduling and purchasing electrical energy. This paper studies load consumption modeling in Hamedan city province distribution network by applying ESN neural network. Weather forecasting data such as minimum day temperature, average day temp...

Improving time series forecastingaccuracy is an important yet often difficult task.Both theoretical and empirical findings haveindicated that integration of several models is an effectiveway to improve predictive performance, especiallywhen the models in combination are quite different. In this paper,a model of the hybrid artificial neural networks andfuzzy model is proposed for time series for...

Short-term wind speed forecasting is useful for power system to regulate power dispatching plan, decrease reserve power needed and increase the reliability of system. The method of the short-term wind speed prediction is proposed in this paper. The data of wind speed in Dafeng, Jiangsu Province of China is predicted by the model combined with the grey system theory (GST). A grey system model co...

In this research, we proposed a new metaheuristic technique for stock portfolio multi-objective optimization employing the combination of Strength Pareto Evolutionary Algorithm (SPEA), Adaptive Neuro-Fuzzy Inference System (ANFIS) and Arbitrage Pricing Theory (APT). To generate the more precise model, ANFIS has implemented to envisage long-term movement values of the Tehran Stock Exchange (TSE)...